(ICIS) -- Formosa Plastics Group (FPG), the biggest
plastics group in Taiwan, will complete the construction of 50,000 tonnes/year
isobutylene isoprene rubber (IIR) plant at Ningbo of Zhejiang province at the
end of the second quarter of 2013, a company source said on
Friday.

The company, with investment of yuan (CNY) 18bn (USD2.84bn), started the
construction of the plant in September 2011, according to the
source.

“Domestic IIR producers will facing a challenging market
because IIR output is expected to exceed downstream demand in the future,”
a market player said.